GPT Funds Management (GPT Funds) (A- by S&P) launched a new, a minimum A$100 million (US$70.3 million), 6.5-year, Australian dollar denominated transaction, on 4 July. Indicative price guidance for the forthcoming transaction is 140 basis points area over semi-quarterly swap with pricing expected in the near future, according to joint lead managers ANZ and Commonwealth Bank of Australia.